In an internal letter shared with employees and their families, founders Kunal Bahl and Rohit Bansal said the e-commerce firm had turned cash-flow positive in the month of June, becoming the only Indian e-commerce firms to achieve this

Just hours after the deal was announced, Bahl wrote to employees seeking to assuage concerns saying Axis Bank intends to not just retain all Freecharge employees but also "invest significantly" in the team and brand